The influence of The Multi Currency System on Financial Performance of An Organisation: Desktop Study
The purpose of this desktop study was to establish the influence of Zimbabwe's multi-currency system on the financial performance of organizations in the manufacturing sector. We have located the research of this paper within a qualitative approach (Gay 1992; Babbie 1998; Leedy & Ormrod, 20...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Varazdin Development and Entrepreneurship Agency
2023-09-01
|
| Series: | Journal of Economic and Social Development (Varaždin) |
| Subjects: | |
| Online Access: | https://www.jesd-online.com/articles/the-influence-of-the-multi-currency-system-on-financial-performance-of-an-organisation-desktop-study.pdf |
| _version_ | 1797229626640039936 |
|---|---|
| author | Piwainashe Rusvoto Lovemore Sitsha Newman Wadesango |
| author_facet | Piwainashe Rusvoto Lovemore Sitsha Newman Wadesango |
| author_sort | Piwainashe Rusvoto |
| collection | DOAJ |
| description | The purpose of this desktop study was to establish the influence of Zimbabwe's multi-currency system on the financial performance of organizations in the manufacturing sector. We have located the research of this paper within a qualitative approach (Gay 1992; Babbie 1998; Leedy & Ormrod, 2013). This decision was informed by the fact that this paper is not interested in the quantification of data. But its main interest lies in the painting of qualitatively rich picture of the phenomena being studied within the context of limited respondents (Hall, 2007; Maserumule, 2011; Baugh & Guion, 2016). To this end, the problem of this study is explained descriptively and theoretically for the purpose of generating a crispy understanding of the influence of Zimbabwe's multi-currency system on the financial performance of organizations in the manufacturing sector. Among others, this sources included journal articles, books, magazines and newspapers. The study established that the multicurrency system poses to have demerits which hinder the progress of the activities in the economy and business performance in that the adoption of multicurrency system causes the central bank to lose control over the monetary policy which triggers inflation to increase and hence thus an increase in costs of production to local manufacturing organizations. |
| first_indexed | 2024-04-24T15:15:35Z |
| format | Article |
| id | doaj.art-0bc644e76c5744a09f5e29c92d69acb9 |
| institution | Directory Open Access Journal |
| issn | 1849-3327 |
| language | English |
| last_indexed | 2024-04-24T15:15:35Z |
| publishDate | 2023-09-01 |
| publisher | Varazdin Development and Entrepreneurship Agency |
| record_format | Article |
| series | Journal of Economic and Social Development (Varaždin) |
| spelling | doaj.art-0bc644e76c5744a09f5e29c92d69acb92024-04-02T09:22:02ZengVarazdin Development and Entrepreneurship AgencyJournal of Economic and Social Development (Varaždin)1849-33272023-09-0110020112The influence of The Multi Currency System on Financial Performance of An Organisation: Desktop Study Piwainashe Rusvoto0Lovemore Sitsha1Newman Wadesango2Midlands State UniversityMidlands State UniversityUniversity of Limpopo, RSAThe purpose of this desktop study was to establish the influence of Zimbabwe's multi-currency system on the financial performance of organizations in the manufacturing sector. We have located the research of this paper within a qualitative approach (Gay 1992; Babbie 1998; Leedy & Ormrod, 2013). This decision was informed by the fact that this paper is not interested in the quantification of data. But its main interest lies in the painting of qualitatively rich picture of the phenomena being studied within the context of limited respondents (Hall, 2007; Maserumule, 2011; Baugh & Guion, 2016). To this end, the problem of this study is explained descriptively and theoretically for the purpose of generating a crispy understanding of the influence of Zimbabwe's multi-currency system on the financial performance of organizations in the manufacturing sector. Among others, this sources included journal articles, books, magazines and newspapers. The study established that the multicurrency system poses to have demerits which hinder the progress of the activities in the economy and business performance in that the adoption of multicurrency system causes the central bank to lose control over the monetary policy which triggers inflation to increase and hence thus an increase in costs of production to local manufacturing organizations.https://www.jesd-online.com/articles/the-influence-of-the-multi-currency-system-on-financial-performance-of-an-organisation-desktop-study.pdfmulti-currency systemfinancial performanceorganizationsmanufacturing sector. |
| spellingShingle | Piwainashe Rusvoto Lovemore Sitsha Newman Wadesango The influence of The Multi Currency System on Financial Performance of An Organisation: Desktop Study Journal of Economic and Social Development (Varaždin) multi-currency system financial performance organizations manufacturing sector. |
| title | The influence of The Multi Currency System on Financial Performance of An Organisation: Desktop Study |
| title_full | The influence of The Multi Currency System on Financial Performance of An Organisation: Desktop Study |
| title_fullStr | The influence of The Multi Currency System on Financial Performance of An Organisation: Desktop Study |
| title_full_unstemmed | The influence of The Multi Currency System on Financial Performance of An Organisation: Desktop Study |
| title_short | The influence of The Multi Currency System on Financial Performance of An Organisation: Desktop Study |
| title_sort | influence of the multi currency system on financial performance of an organisation desktop study |
| topic | multi-currency system financial performance organizations manufacturing sector. |
| url | https://www.jesd-online.com/articles/the-influence-of-the-multi-currency-system-on-financial-performance-of-an-organisation-desktop-study.pdf |
| work_keys_str_mv | AT piwainasherusvoto theinfluenceofthemulticurrencysystemonfinancialperformanceofanorganisationdesktopstudy AT lovemoresitsha theinfluenceofthemulticurrencysystemonfinancialperformanceofanorganisationdesktopstudy AT newmanwadesango theinfluenceofthemulticurrencysystemonfinancialperformanceofanorganisationdesktopstudy AT piwainasherusvoto influenceofthemulticurrencysystemonfinancialperformanceofanorganisationdesktopstudy AT lovemoresitsha influenceofthemulticurrencysystemonfinancialperformanceofanorganisationdesktopstudy AT newmanwadesango influenceofthemulticurrencysystemonfinancialperformanceofanorganisationdesktopstudy |